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Why am I not surprised by the closed minded posts on Somersoft? It is extremely common for the expat crowd. Would these people likely be crying for a government handout to help with a home purchase? Highly doubt it. Back to living as a frog in the bottom of the well Somersoft/Australia!

1. how many sqm is the property? 2. when you say timber, is this solid timber? 3. when you say concrete, is this polished concrete? 4. is the work required to be done after hours? 5. was the wear and tear from the current tenant? 6. what is the net lease? 7. what is the term of the lease? 8...

Yes and Yes.

I'm not sure where the figures are from. But it's not very accurate...

Don't get me wrong. Luckily I make a lot, in the top 1% percentile of income and assets... But I feel that the more I have, the more stress I have.. especially with budget announcements like today and the current state of the economy.

Depends on the business.. Is the business reliant on the size of the property to grow? Are you intending to grow the business rapidly? If yes to either of the above, I would advise against buying, but would suggest leasing.

Not enough to have no worries :(

Wow, you make it seem so easy. How much do you make pa?

An education is something that once had, cannot be ever taken from someone. It survives bankruptcy, war & turmoil.

Outside of the child geniuses out there, I can't see that being anything other than throwing out cold card cash.

If only...

We are talking about paying for a child's uni fees, not a car!

In a good outcome scenario. Now in a bad outcome scenario or more than often not, the likely outcome scenario, what do you get? A kid that moved out of home, no further education, in a debt trap, and set back 10 years in life or possibly forever...

If you kick your child out of the house at 18 or make him/she pay board, and let them know if they want to go to university they most support themselves as well as pay their own uni fees, what do you achieve? Interesting forum Somersoft....

To calculate the yield correctly you must compare apples with apples. 1. Yeild on 5 year term deposit with Bankwest is 4.5% p.a 2. Property investment return must be net yeild to compare apples with apples a the term deposit would be 4.5% p.a net. To do this you must calculate the net...

It suits the purpose; he is happy, allows hims to recuperate during his off time from the rig, and allows him to enjoy his favourite hobby (surf), and at the same time doesn't eat too much into his cash reserve. Well done Trey for not being influenced and trying to keep up with the Jones. Keep...

Bottled gas? We are talking about Australia right? If the costs aren't crazy different, most tenants would rather just sign the new lease then go through all the hassle of finding a new place, overlapping 2 rental properties rental periods, moving furniture etc.

Best of all your friend can sleep well at night, even if the sky falls. As he builds up his nest egg, he may get more confidence and look at other investments outside of houses. And then he can become what is a true "sophisticated investor".

Or the other option, as is popularly promoted here, is he can aim for the stars with borrowed money.... If things don't go perfectly to plan, then he will be broke , having no benefit of ever working up at Gorgon.. Investing is a game, it requires strategy and rational thinking, not just bravery.

From his other posts, he has said he is working up on the Gorgon Projects, and work is likely to dry up in 3 years time... Given he is offshore most of the time, and doesnt need a PPOR, maybe the best strategy would be to save as much as he can so that when he is 27 years old (and no longer on...